BlackRock CEO Larry Fink has called on the SEC to approve the tokenization of bonds and stocks, stating that it would simplify things for institutions and investors. He believes that this move would save costs for his company and investors by eliminating the need for proxy voting and reducing the cost of holding stocks and bonds. Fink expressed his support for cryptocurrency, blockchain technology, and tokenization and highlighted that BlackRock already has a tokenized market fund called BUIDL. This statement comes after Fink's prediction that Bitcoin could reach $700,000 if sovereign wealth funds invested a portion of their portfolios in the cryptocurrency.



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